Our Banking Partners
FAQ FOR LAP/OD
Answer: Generally tenure given for loan against property is 5-15 years. In some of the NBFCs tenure can be extended for 20years
Answer: Yes, In some of the NBFCs mortgage loan is offered upto 75years of age.
Answer: Both the mortgage and housing loan are secured type of loans in which collateral is mandatory. As banks/NBFCs knows a person generally seek mortgage loan in the case of emergency or necessity which can not be fulfilled with a personal loan. They keep rate of interest higher.
Answer: Maximum a bank/NBFC can give upto 70-80% of the market value in case of the loan against property. Finirio team can help you to get maximum loan possible on a property.
Answer: Finirio team can help you in this regard. many banks have banking balance based products to give loan to a customer.
Answer: Yes, as LAP stands for loan against property. Its mandatory to give a property as collateral
Answer: Yes, you are eligible. Some of the banks give loan as unsecured mortgage loan in which the pagdi/chawl unregistered property loan is given.
Answer: yes, you can give property documents of two property for a single loan.